Ok

Mynd44:

https://www.youtube.com/watch?v=E86FoQktKSU

Yesterday, Nigerians woke to the good news that the world’s digital infrastructure company, #Equinix, was in the process of acquiring #MainOne, a West African data centre and connectivity solutions provider, at an enterprise valuation of $320 million.

The deal, which is expected to be closed by the first quarter of 2022, will add more than 64,000 gross square feet of space to #PlatformEquinix, with 570,000 square feet of land for future expansions.

MainOne owns and operates a 7,000-kilometre subsea network from Nigeria to Portugal, as well as 1,200 kilometers of reliable terrestrial fiber network across southern Nigeria.

The company’s digital assets have helped connectivity to and from Europe, West African countries and the major business communities in Nigeria.

When completed, the acquisition will extend Platform Equinix into West Africa, giving organisations based inside and outside Africa access to one of the world’s fastest growing markets.

In this interview, #FunkeOpeke, CEO of MainOne, who will be staying on as Chief Executive of Platform Equinix after the transaction is closed, and #JudithGardiner, Vice President, Growing & Emerging Markets at Equinix,
throw more light on the $320 million deal and the value proposition for both parties and other stakeholders.

It should have been acquired for nothing less than $5bn.

This is data we are talking about. Of nations. How much was Whatsapp acquired for again?

These fibres that travel from Nigeria to Europe so, e be like say na to follow am enter Europe nai remain o.

FreeStuffsNG:
Nice one. This is a good FDI.
Well done to Ms Opeke and her team. That she is retained on the seat to drive the next phase confirm that the investors have tremendous confidence in her leadership.

She's highly regarded in the IT sector

obynzo:
The acquisition is actually a lifeline for MainOne. They have been having a loss of revenue for sometime now

you are right

320m dollars. More than all the 2x2 ragtag traders in lagos combined. Only one yoruba woman. Nawa o.

I just like acqusition stories.
It makes money for both parties

For the sake of Afrika and her posterity, this is not a good news.

I would be happy hearing 'MainOne has expanded to Angola and Namibia' or
'MainOne has become the AWS of Africa and the Carriebian'

This is not a good news.

ignis:
How will the common man benefit from this?

Common or uncommon man is not involved in this.

So, ask of how it will improve technology in Nigeria. Stop being common.

I know history not way ahead in iar

StreetFight:


Common or uncommon man is not involved in this.

So, ask of how it will improve technology in Nigeria. Stop being common.

Whatever

obynzo:
The acquisition is actually a lifeline for MainOne. They have been having a loss of revenue for sometime now

I thought so too. Two years ago, she was lamenting over the under-utilization of its huge fibre optic infrastructure.
Rate of adoption of internet enabled technology is abysmally low. Going forward, equinix will have to inject funds for future expansion to reach as many Nigerians as possible.

arsenal33:
keep watching BBN 9ja

God bless you sir for this response all he knows is MTN Airtel and glo and probably waiting for the next BBNAIJA

Yoruba women doing great stuff.

If not for our weak stock market she would have simply listed it.

Omniman:
mainone that year.

I dey use am download1080p movies for office

Steady bro

Oh

WesternOligarch:
Yoruba women doing great stuff.

If not for our weak stock market she would have simply listed it.

How then is she doing great ?
A company that has been recording losses upon losses
Abeg afonjas are bad managers jare